News

Renaissance Asset Managers has been bought by emerging markets specialist Kazimir Partners, in a move which will see a number of its funds merged into other products, and a raft of new strategies launched.

The chief executive of the incoming Financial Conduct Authority (FCA) has said the body will be "much broader" in its approach to identifying mis-selling and other problems - including monitoring Twitter.

A near-25% rise in UK protection sales helped drive an increase in profits for the Royal London group in 2012.

Cyprus has implemented a series of stringent capital controls as it seeks to prevent assets fleeing the country when its banks reopen today.

Redmayne-Bentley has snapped up £300m in client assets from embattled stockbroker Fyshe Horton Finney, which went into voluntary administration last week.

Care Asset Management has been fined £56,000 by the Financial Services Authority (FSA) for breaching customer trust over Keydata.

Skandia has expressed frustration at rival platforms failing to allow electronic re-registration of assets, despite being required to do so under the Retail Distribution Review (RDR).

Former Aberdeen global fixed income bond chief Paul Griffiths has joined First State Investments as CIO of fixed interest and credit.

Shares in Prudential have fallen over 4% today after the FSA fined the insurer £30m over the failed AIA deal in 2010.

Invesco Perpetual's Michael Matthews is to join Paul Causer and Paul Read as a co-manager on the firm's £5.8bn corporate bond fund at the end of the month.